COSCO+OOCL – the birth of a new market leader

COSCO Shipping Holdings, along with Shanghai International Port Group (SIPG), has decided to acquire Orient Overseas Container Line (OOCL), the shipping unit of Orient Overseas International Line (OOIL), for $6.3 billion. This acquisition would propel Cosco to the spot of world’s third-biggest container carrier after Maersk Line and Mediterranean Shipping …

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